Sunday, November 8, 2015

Another call for a guarnteed basic income

"First, it sets human creativity free to work on whatever comes
to mind. For many people that could be making music or learning
something new or doing research.
Second, it does not suppress the market mechanism. Innovative new
products and services can continue to emerge. Much of that can be
artisanal products or high touch services (not just new technology).
Third, it will allow crowdfunding to expand massively in scale and
simultaneously permit much smaller federal, state and local government
(they still have a role – I am not a libertarian and believe that market
failures are real and some regulation and enforcement are needed, eg
sewage, police).
Fourth, it will force us to more rapidly automate dangerous and
unpleasant jobs. Many of these are currently held by people who would
much rather engage in one of the activities from above.
Fifth, in a world of technological deflation, a basic income could be
deflationary instead of inflationary. How? Because it could increase
the amount of time that is volunteered."

I'm for this idea mainly because it simplifies all the current support programs into one simple one.